Sovereign Gold Bond Rate Fixed at Rs 2,945 Per Gram

The Reserve Bank of India has fixed the purchase price for the Sovereign Gold Bond Scheme 2017 -18 Series-VI at Rs. 2945 per gram.

The subscription for bonds runs from Monday to Wednesday every week.

The government has also decided to offer a discount of Rs 50 per gram to investors applying online and making the payment digitally.

For such investors, the issue price of the Gold Bond will be Rs 2,895 per gram of goldThe issue price for Series-V was Rs 2,971 for every gram.

Under the scheme, the bonds are denominated in units of one gram of gold and multiples thereof. Minimum investment in the bonds is one gram with a maximum limit of subscription of 500 grams per person per fiscal year (April-March).